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Woolworths books higher net profit, sales in first half

Inside Retail

Solid results in the Australian food and B2B business segments drive an increase in first-half sales and net profit for Woolworths Group. The supermarket group’s net profit rose 2.5 The post Woolworths books higher net profit, sales in first half appeared first on Inside Retail Australia.

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Coles pockets $1 billion profit as Smarter Selling pays off

Inside Retail

Coles’ Smarter Selling strategy is paying off for the Australian supermarket giant, with approximately $300 million in extra savings in the bank at the end of FY21. At its full year results announcement on Wednesday morning, Coles revealed that net profit broke the one-billion-dollar mark, rising 2.8 per cent to $1.005 billion.

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From drab to trendy, 7-Eleven strives for relevance

Inside Retail

In the cities, 7-Eleven is a retailer that just keeps evolving and adapting to stay up with consumer lifestyle changes: it has become retail’s pocket battleship that challenges convenience store competition and supermarkets alike. Competition in 7-Eleven’s line of business doesn’t just come from supermarkets. Net profit was 6.2

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Vicinity Centres acquires stake in Lakeside Jundaloop, doubles profit

Inside Retail

Lakeside Jundaloop has a gross lettable area of 99,832sqm, and major tenants include supermarkets Coles, Woolworths, and Aldi; entertainment sites Hoyts and Timezone; and department stores Myer, Big W, Kmart, and Target. Vicinity’s net profit grows 101.5 per cent Meanwhile, Vicinity Centres reported net profit of $547.1

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Coles CEO Leah Weckert talks profit margins, seasonal products in FY24 results

Inside Retail

Thanks to its strong supermarket sales Coles has reported a $1.1 billion after-tax profit for FY24. Coles’ extensive national footprint, across 856 supermarkets, 992 liquor stores and numerous digital platforms, has positioned it as one of Australia’s biggest omnichannel retailers for essential household items.

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How scrutiny over prices could impact Coles’ and Woolworths’ loyalty programs

Inside Retail

The loyalty market in the Asia Pacific (Apac) region is expected to grow by 11 per cent annually, to reach US$52.05 per cent increase in net profit in its half-year results in February, which grew to $929 million, with Woolies X being a major driver behind this growth. billion in 2024. The Coles App had a 42.3

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To Thrive in the New Global Ecommerce Marketplace, Toys ‘R’ Us may Need to Think Small

Retail TouchPoints

But it turned out that the emporium of toys, games and fun could not in the end withstand the relentless competition and margin hits from the internet and supermarket retailers. The toy market certainly had a very good pandemic, with families at home and keen to keep themselves and their children busy. and abroad. In 2017, the U.S.